Chartered Logistics Limited has announced a significant milestone for its wholly owned subsidiary, with Chartered Comcare IFSC Limited receiving regulatory approval to commence operations as a Finance Company at Gujarat International Finance Tec-city (GIFT), IFSC. The development marks the company's strategic entry into the ship leasing business within India's premier international financial services center.

Regulatory Approvals Secured

The subsidiary has obtained two critical approvals necessary for its operations. The International Financial Services Centres Authority (IFSCA) issued the Certificate of Registration on April 10, 2026, authorizing Chartered Comcare IFSC Limited to undertake operating lease of ships as a Finance Company. Simultaneously, GIFT SEZ LTD granted the Letter of Approval-Form G for establishing operations within the Special Economic Zone framework.

Operational Framework and Compliance

The Certificate of Registration comes with specific operational conditions that the subsidiary must adhere to throughout its business operations. Key compliance requirements include immediate intimation to IFSCA upon commencement of operations, displaying the certificate at the registered office, and deploying adequate resources commensurate with business operations in the IFSC.

The subsidiary must maintain valid registrations including the Certificate of Registration as a Finance Company under IFSCA regulations and the Letter of Approval from the Administrator under the SEZ Act, 2005. Annual fees must be paid from the date of registration communication, with adherence to the fee structure outlined in IFSCA's March 2, 2026 circular.

SEZ Benefits and Authorizations

Under the Special Economic Zone approval, Chartered Comcare IFSC Limited gains access to various facilities and entitlements available to SEZ units. The Letter of Approval, valid from March 6, 2025, to March 5, 2026, permits the establishment of a ship leasing entity under the IFSCA Finance Company Regulations 2021 framework.

The SEZ framework provides benefits including import/export facilities, domestic tariff area supply options, and exemptions from certain regulatory requirements specific to IFSC entities. The approval specifically notes that Net Foreign Exchange requirements do not apply to IFSC entities under Rule 53A.

Strategic Positioning in GIFT City

Chartered Comcare IFSC Limited's establishment at GIFT City positions the subsidiary within India's leading international financial services hub. The company's registered office is located at Office No SI G B055, Shilp Incubation Centre, Plot 11T 3 and 11T 5 Block 11 GIFT SEZ, providing access to the infrastructure and ecosystem supporting international financial services operations.

The regulatory approvals enable the subsidiary to participate in ship leasing activities, a specialized segment within the maritime finance sector. This development aligns with GIFT City's objective of establishing India as a competitive destination for international financial services, particularly in specialized areas like maritime financing and leasing operations.

Chartered Logistics Limited has filed its mandatory compliance certificate under SEBI Regulation 74(5) for the quarter ended March 31, 2026. The company submitted the required documentation to the Bombay Stock Exchange on April 7, 2026, confirming adherence to regulatory requirements for dematerialization processes.

Compliance Certificate Details

The compliance certificate was issued by Skyline Financial Services Private Limited, the company's Registrar and Transfer Agent, on April 2, 2026. The certificate specifically addresses requirements under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for Q4FY26.

Dematerialization Status

According to the certificate issued by Skyline Financial Services Private Limited, no physical share certificates were received for dematerialization of equity shares during the quarter ended March 31, 2026. This confirmation is a key component of the regulatory compliance under SEBI's depositories and participants regulations.

Regulatory Submission

Company Secretary and Compliance Officer Hirvita Shah signed and submitted the compliance documentation to the Bombay Stock Exchange. The submission included the original certificate from the Registrar and Transfer Agent as an enclosure, ensuring complete regulatory compliance.

The filing represents Chartered Logistics Limited's ongoing commitment to maintaining transparency and adhering to SEBI's regulatory framework for listed companies. The company operates with registered office at A/409, Stellar, Opp. Arista, Sindhubhavan Road, Ahmedabad-380059.